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"Notices it will start the procedure of foreclosure but after chapter 7 and chapter..."

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First of all i will say about this question If bank sends 1099 on foreclosure does that mean they won t sue for deficiency, that this scenario basically depends on the situation and laws that after how much notices it will start the procedure of foreclosure but after chapter 7 and chapter 14 bank will not take much time to foreclose. Generally after 3 miss payments or 3 months they start warning you for their strict action. So try to avoid these situations for your comfortablity otherwise foreclosure of your house will be started or foreclosure of any property and savings which bank possesses from your side will be auctioned. thank you.

"This question if bank sends 1099 on foreclosure does that mean they won t..."

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I agree with my friend ! the answer of this question If bank sends 1099 on foreclosure does that mean they won t sue for deficiency is, it all depends on law of foreclosure. Loan company in fact starts its procedure after 3 or 4 missed payments of mortgage and then warn the person to pay mortgage if person is unable to pay mortgage then bank will take the action and it will be completed within few months. and it also depends on their will either they allow person to live in it or not.thank you.

"This question if bank sends 1099 on foreclosure does that mean they won t..."

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This question If bank sends 1099 on foreclosure does that mean they won t sue for deficiency, holds much importance in the procedure of foreclosure. Basically this all procedure of foreclosure rely upon the laws and principles of company or bank performing the foreclosure of any property. Mostly banks start foreclosure after 3 nonpayments. It issues the notice to warn the customer about nonpayments, if customer doesn`t react on that notice then bank has to perform auction or foreclosure.

"Basically this all procedure of foreclosure rely upon the laws and principles..."

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This question When will bank of america send notice of default , holds much importance in the procedure of foreclosure. Basically this all procedure of foreclosure rely upon the laws and principles of company or bank performing the foreclosure of any property. Mostly banks start foreclosure after 3 nonpayments. It issues the notice to warn the customer about nonpayments, if customer doesn`t react on that notice then bank has to perform auction or foreclosure.

"Basically this all procedure of foreclosure rely upon the laws and principles..."

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This question How far behind is the bank of america and foreclosure proceedings, holds much importance in the procedure of foreclosure. Basically this all procedure of foreclosure rely upon the laws and principles of company or bank performing the foreclosure of any property. Mostly banks start foreclosure after 3 nonpayments. It issues the notice to warn the customer about nonpayments, if customer doesn`t react on that notice then bank has to perform auction or foreclosure.

"It depends upon the bank of america to forclose a house..."

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It depends upon the bank of America to forclose a house. If you late for the payment immediately you must inform it to the bank and you need to go to the bank office and must talk with the relevant officer about your problem. With in month the bank get a quick decision about the late payments. If the person wants to stop the bank of America to foreclose his house , he needs to pay the missed payments, otherwise his house will be taken for action. I hope this helps you a lot.

Someone said: BANK OF AMERICA CAN FORCLOSE ON YOU WITH ONE MONTH LATE THEY WILL GET THE FORCLOSE PAPER WORK BEFOR THE NEXT MONTH. THEN BY THAT TIME IT ITS IS ONE MONTH TWO MONTH THEN FORCLOSE IS ABOUT $6,000.00 ALL THE BACK PAYMENTS.
I WOULD NAVER GET A LOAN WITH BANK AMERICE. I SEEN WHAT THEY DO TO A PERSON ONE'S YOU GET YOURSELF OUT A FORCLOSER THEN TWO MONTH PASS THEN YOU ARE BACK IN ONE LIKE BEFOR.

Hi there
well my friend banks are main source of providing loans. Bank ask for security over loan. If you could not return them the loan with interest after certain period of time then bank can legally take any action on you. They can send you in jail as well. Usually banks want their loan taker to return loan after 2 or 3 years. If some one could not then bank can take action against him,
Have a nice day !!!

"Person wants to stop the bank of america to foreclose his house..."

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For the bank of America to to foreclose a house,depends on bank office. if you late for the payment immediately you must inform it to the bank and you need to go to the bank office and must talk with the relevant officer about your problem. with in month the bank get a quick decision about the late payments.If the person wants to stop the bank of America to foreclose his house, he needs to pay the missed payments, otherwise his house will be taken for action.

"After 3 or 4 missed payments of mortgage and then warn the person to..."

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I agree with my friend ! the answer of this question How far behind is the bank of america and foreclosure proceedings
. Bank or Loan company in fact starts its procedure after 3 or 4 missed payments of mortgage and then warn the person to pay mortgage if person is unable to pay mortgage then bank will take the action and it will be completed within few months. and it also depends on their will either they allow person to live in it or not.thank you.

"You are 90 days behind on the mortgage..."

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Bank of America will send the Intent to Accelerate usually when you are 90 days behind on the mortgage. This is also their Notice of Default in some states (non judicial states). Call and check with them so you are not surprised if they start the foreclosure process without any other notice.

"America refuses to sendmy 1099c for a foreclosure in oct 2011 what can i..."

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Bank of america refuses to sendmy 1099C for a foreclosure in oct 2011 what can i do to get?

My house was foreclosed on in Oct 2011 and I have called and gone to a Bof America office to get the 1099C so I can get it on my taxes, but they are giving me the run around and refusing to give it to me

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